Standard Chartered expands renewable energy coverage

Peter Gutman of Standard Chartered's renewable energy and environmental finance group explains how the bank is expanding to cover the broader clean-tech sectors.

As the science related to global warming and climate change becomes clearer, governments are getting more serious about policy support. China has set renewable energy targets of 10% by 2010 and 15% by 2020, requiring more than $300 billion of investment. India plans to get 10% of its power from renewable sources by 2012. Thailand, the Philippines, even Bangladesh have all introduced specific renewable energy legislation over the past two years.

Meanwhile, the US is taking the lead...

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